Enjoy this Kernersville Market Report for the 2nd QTR 2023. Statistics include Median Sales Price, Inventory Levels, Days on Market, and Months Supply of Inventory. If you need assistance in buying or selling a home in Kernersville, North Carolina, contact Megan Clement with Keller Williams Realty at 336-239-7501.
- Kernersville Market 2nd QTR 2023
- Newest Listings in Kernersville
- Low Inventory Prices Still Rising
- Inventory & Median Home Prices by Property Type
- Number of New Listings & Closings
- Brunswick Crossing New Construction
- Kernersville Market 2nd QTR 2023 Closed Sales
- Earlier Market Reports
- Kernersville Market 2nd QTR 2023 Summary
- Map of Kernersville
- Request More Information
Kernersville Market 2nd QTR 2023
In the Kernersville Market 2nd QTR 2023, the Average Sales Price for a Single-Family Home is $362,973. This is a slight increase of +0.6% from the 2nd QTR in 2022. For Townhome Listings, the Average Sales Price is $268,170. This is a increase of +6.9% from the 2nd QTR in 2022.
At the end of the 2nd QTR 2023, there are 199 Single-Family homes and 45 Townhomes pending in the Kernersville, NC Real Estate Market.
Inventory at the end of June 2023, there are 106 Single-Family Homes, which is an increase of +37.7% from the 2nd QTR 2022. At the end of the 2nd QTR 2023, there are 28 Townhomes still available for sale. This is an increase of of +154.5% from the 2nd Quarter 2022 when there were only 11 Townhomes available.
In the 2nd QTR 2023, Sellers were receiving 100.8% of their list price for Single-Family Homes and 100.1% of their list price for Townhomes.
Newest Listings in Kernersville
Low Inventory Prices Still Rising
In the Kernersville Real Estate Market, the economic principle of Supply is the available Inventory of Homes for Sale and Demand is the Number of Active Buyers in the market.
Below are 2 interactive charts showing the Inventory of Homes and Median Sales Price for Single-Family Homes in Kernersville, North Carolina thru August 2023. You can scroll over the charts to see monthly data points.
Inventory & Median Home Prices by Property Type
Kernersville Market 2nd QTR 2023
Inventory Levels for Existing & New
Kernersville Market 2nd QTR 2023
Months Supply by Construction Type
Number of New Listings & Closings
| Primary Year | Number of New Listings | Sales, Number of |
|---|---|---|
| 2013 | 736 | 741 |
| 2014 | 735 | 746 |
| 2015 | 825 | 807 |
| 2016 | 931 | 917 |
| 2017 | 1,098 | 1,121 |
| 2018 | 1,069 | 1,069 |
| 2019 | 1,158 | 1,139 |
| 2020 | 1,128 | 1,190 |
| 2021 | 1,246 | 1,257 |
| 2022 | 1,040 | 1,078 |
| 2023 | 700 | 612 |
Time frame is from Jan 2013 to Aug 2023
Brunswick Crossing New Construction
Kernersville Market 2nd QTR 2023 Closed Sales
A total of 190 Single-Family properties closed in the Kernersville Market in the 2nd QTR 2023. This is a decrease of -20.2% from the 2nd QTR 2022 when there were 238 closings.
A total of 44 Townhomes closed during the 2nd QTR in 2023. This is a increase of +69.2% from 2nd QTR 2022 when there were 26 closings.
Of the Single-Family Homes closed, 74% were under contract the first 30 days on the market. The most active price point is in the $300,000 to $399,999 range which made up 30% of the closed properties in the 2nd QTR 2023.
Analysis of the absorption rate indicates an inventory of 1.8 months for Single-Family homes and 2.4 months inventory for Townhomes in the Kernersville Real Estate Market.
Earlier Market Reports
Kernersville Market 2nd QTR 2023 Summary
Kernersville, NC Stats Summary
New listings decreased by -16.6% in Kernersville from the previous year. Pending sales decreased by -17.1%. Closed Sales decreased by -20.2%.
The Median Sales Price for a Single-Family Home was $351,500. This is an increase of +4.8% from the 2nd QTR 2022. The Average Sales Price for a Single-Family Home was $362,973 at the end of the 2nd QTR 2023. This was an increase of +0.6% from the 2nd QTR 2022.
Sellers are receiving 100.8% of their List Price. Inventory levels of Single-Family Homes increased by +37.7% from the 2nd QTR 2022. At the end of the 2nd QTR 2023, 106 Single-Family Homes were available. Homebuyers wanting to enter the market will continue to be challenged by the low inventory levels.
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